Discusses the recent interest in a stakeholder approach as an alternative approach to competitive individualism in organizations. Examines the economic philosophy which underpins the traditional view of shareholder primacy and explores whether the approach is viable and realistic in contemporary circumstances. Concludes that in future, the stakeholder approach may be a commercial necessity.
Hamilton, L. and Clarke, T. (1996), "The stakeholder approach to the firm: a practical way forward or a rhetorical flourish?", Career Development International, Vol. 1 No. 2, pp. 39-41. https://doi.org/10.1108/13620439610114333Download as .RIS
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